Hold on tight because the bumps aren't over yet.
There is no way this nation can pay off it's debt. So far foreign debt holders have played along with the fantasy that everything is fine because they know if we go down then they go down.
What would it take for foreign investors to finally say "We don't think you can pay off all your debts and we want our money now. We aren't buying any more of your worthless paper."
Sooner or later someone is bound to point out that the Emperor isn't wearing any clothes. Have you thought about what will happen then?
3 hours ago